Durant Buys General Motors in Market Rally
New York stock markets surged as General Motors rose amid a Durant driven resurgence. United States Steel rebounded after dips, while DuPont and Allied Chemical posted gains. Cotton and scrap steel prices supported bullish sentiment with July earnings in focus and a firmer bank credit scene.
MENTIONED IN THIS ARTICLE
New York
General Motors
Generalist
Prilie
United States Steel
New York Federal Reserve
Rotten
Texas
California
Wall Street Notes from New York Aug 23 1926
Wisconsin Central reports July surplus of 193815 after taxes but seven month deficit of 328010 versus 98625 in 1925. Canada rail car loadings rise week ended Aug 13 with 58399 cars. Philadelphia Electric installs largest self cooled single phase transformers at Schuylkill plant. Insurance sales up one percent in July, four percent ahead year to date. Youngstown Sheet to run half tin mills at Indiana Harbor soon. iron price trend firmer in Chicago district. California crude oil down 7500 barrels weekly. two week drop to 10590 barrels. Samuel Insull Jr elected Midland president. Pyrene completes portable stove deal in Paris. Newark reports low fire hazard. Industrial alcohol demand firmer. GM monthly record plates target 130000 vehicles. Peoples Gas rights for 10 percent stock, payment options. record October. November deadline. July net operating income up about 2100000 vs 427954 in 1925.
MENTIONED IN THIS ARTICLE
Youngstown Sheet and Tube
Indiana Harbor
Chicago
New York
New York Stock Exchange
Abraham
Tod Fisk
Flelaxchmann Co
Ajax
Am Oy
Foundation
Philip Morrla-Co
Zaiva al
Zaiva al ‘Chem Bye 13044 185% 1491, 1400 Freeport
Texat
Philips Jones Cor Baty
Erada Corp Wee
Aran Phillips
Agri Chen
Pierce-Arrow
Nh mi
Tule Ror Corp
Pulman Co
Hadio Corp of
Amis
Caodrich (Bf
BOM
Anno Hola-Co
DSU
Vow Limi
Telk-Co
Goodyear
Flemington Trhe
Dan Rt
Joseph Toad
Man Sehulie
Gulf States Steel Sal A
Rob Hoeing Co
Houston
Howe Sound
Shell
Anacomia
Thudson Motor Car
Indy
Archim Mid
Aon
Shnbert Thor Corp Bri
Armonio
Paty Rion Simmons Co
Abby Mts
Ingerson Rand AB
Pean Kima Potroy
Inter. Corp
Atl
Aig
Calif
Sou Autoules Corp
Bark Joao Minnd
Tatrol Tel
Stewart Warn
Tah
Enon Ballellio
Stude Corp
Harada Corp
Alta
Bornsall Corp
Bigaly
Jowell
Tia
Bank Cigary
Jones Lane
Jordan Motor Car
Aweeta Co
aTiy
Kan City
Eelauteg Corp
Tenn Corp-Chem
Tim Iy
Brooklyn
Keystone Tire
Ian Tat
Toxar Co
Bklyn Manh
Kinney (Git
Bklyn
United Drag
Lahr
Mackay
United
Century
Lab Mills
Macy
RED Colan
Cerra de Pasco
Ori
U S
Western
Rt Corp
Rockwell
Maytag County
Nori
Yanad_ Corp aL
Mid States
Chile
Rt P
Chrysler Corp
Minn Kan Tex
Walworth Ce
Clustt Peabody
Aikman
Colo
Montana Po
Eo West Penn
Colo South Ae
Montgomery Ward
Columbas
Son Moan
Colum Gas
Westingh
Murray Body Corp
Nash Motors
Ato
Lake Erie
Dairy Prat
Ain
Willys Overland
Wilcon-Co
Wilcon-Co A
Continental
Aeronautica
York
Cannery
NY Central
Baan Caba
Rva Corp
Cavamet Prult
Norfolk Southern
Arth Amer Co
Devoe Troyn A
Dodge Bros A
Dodge Bros P
du Pont
Omnihux_ Corp
Fartman Kodak Troy
Cotton crop forecast shows drop from last year in U S
The Department of Agriculture reports a decrease of 379000 bales in the prospective cotton crop over two weeks, projecting 15248000 bales. The crop’s condition fell 5.3 percent over the fortnight, with possible end season outcomes ranging near 14800000 to 16221000 bales depending on conditions.
MENTIONED IN THIS ARTICLE
Washington
Department of Agriculture
Census Bureau
Mirginia
North Carolina
South Carolina
Georgia
Florida
Missouri
Tennessee
Texas
Oklahoma
New Mexico
Arizona
California
New York
New York ‘Cotton Exchange
New Orleans
Otober
Foreign exchange rates in New York on August 23
The AP reports heavy foreign exchange activity with quotes across nations. Currencies listed include Great Britain 485 11 16 for cables and 481 1 8 on 90 day bills, France 2 81 3 2, Japan Tokyo 48.00, Shanghai 88.87 1 2, Montreal 100.15 6 3, and other marks for Belgium Germany Norway Sweden Denmark Spain Greece and more.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Sidakia
Jugo-Slavic
Austria
Roumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
Portugal
Grain market rally amid strong corn gains on rain
Wheat rose from early declines as Canada harvest improves. Corn climbed due to excessive rain and light needed demand with US visible supply rising. Opening prices show gains across Wheat Corn and Oats with mixed futures and firm close for wheat.
MENTIONED IN THIS ARTICLE
Canada
United States
Oata
Treasury balance and New York cotton exchange recess plan
The Treasury shows a balance general fund of 170 592 617 80 dollars. New York Cotton Exchange members voted to close the exchange on Saturday September 4 for a three day Labor Day recess.
MENTIONED IN THIS ARTICLE
Washington
The
United States ‘Treasury
Balance General Fund
New York
New York Cotton Hackyage Today
Immigrant Influx Rises Slightly Over Prior Year
Immigration figures show 304 488 new entrants in the year ending June, a modest rise from the previous 804 488. Most came through Atlantic ports or border routes from Canada and Mexico, with Germany France and the United Kingdom among top origins. Many settled in New York and New Jersey, with others in Michigan Texas Massachusetts and California. professional workers totaled 74 010 and unskilled 60 827.
MENTIONED IN THIS ARTICLE
Waleh
Atlantic
Pacific
Furune
Geremany
Fingland
High Kree
America
Canada
Mexico
New York
Butte
Michigan
Texas
Mapsachuselta
Minoia
California
Pennsylvania
New Jerse
Sealy Elven
United States
Bond Market Dull as Mexican Issues Show Gains
New York August 23 AP midsummer dullness spread across the bond market with generally narrow, irregular price changes. Bid and asked rates on bankers' acceptances stiffened, call and time money rates unchanged. Holiday season limits new offerings. demand weak except in select speculative issues. Mexican bonds rose on expectations of a Catholic church settlement in Mexico. Argentine and Chilean issues held firm amid financing prospects. Railroad bonds eased a touch, St Paul bonds climbed near two points, New Haven consolidated issue rose to a 1926 peak. Industrial mortgages fell. some issues like American Beet Sugar, Granby Copper, and Skelly Oil rose slightly despite overall decline.
MENTIONED IN THIS ARTICLE
Turant
General Motors
William
Durant
Europe
Sloan
DuPont
United States Steel Common
General Asphalt
Abstib! Power
Lambert Company
Warner Picture A
Allied Chemical
Butterick
Case Threshing
International Combustion Engineering
Pressed Steel Car
United States Realty
Miagour Pacific
Northern Pacific
Great Northern
Missouri Pacific
Wabash
Clangee
Australia
New York
Denlers
Cathlole Church
Rheinenite
Princpal
Cnortgagea Welle
St. Paul
Sowa
New Haven
American Bee Sugar
Loans 10 Brokers Increase Again
Washington August 23 AP Loans held by brokers and dealt from New York City Federal Reserve member banks rose to 2,388,000 for the week ending August 18 from 3,126,000 the prior week, the Federal Reserve board announced.
MENTIONED IN THIS ARTICLE
Washington
New York City
Federal Reserve
Federal Reserve Board
Realty Deeds and Transfers Listed in Mortgage and Quit Claim Records
Mortgage Deeds show Salvatore Pontella to City Loan Corp and Mary and Anthony Purvents to Winnie P Myers. Warrantey Deeds include Anna Laconte to Bang Sorrentino and Alexander C Accardi to Kurt Lang. Quit Claim Deeds list Thomas Arnold III to Mary Arnold Trustees.
MENTIONED IN THIS ARTICLE
Salvatore Pontella
Cal
City Loan Corporation
Madison Avenue
von Mary
Anthony
Winnie P. Myers
Sherman Avenue
Anna Laconte
Bang Sorrentino
Charles Street
Alexander C. Accardi
Kurt Lang
Lincoln Avenue
Fannie Silverman
Mary
Anthony Parvonis
Charles I. Bench
Mathies
Ridgefield Avenue
Clara la France
Salvatore
Teresa Pontell
Wallace Street
Thomas Arnold
Mary Arnold
Trustes
Park Terrace
Money market notes show varied calls and loans
In New York on August 24, call money for small loans settled around 4 1 4 percent with closing bids near 4 percent. Medium term notes for firms displayed mixed collateral with 60 to 90 day loans at 4 4 to 4 4 1 2 percent and 4 to 6 month papers at 4 4 to 4 5 percent. Prime commercial paper traded roughly 4 4 to 4 4 1 2 percent.
MENTIONED IN THIS ARTICLE
New York
CAP
Call Money Rmall
Tina
Prime Mercantile Paper
Also Mentioned on This Page
U. S
White Sewing Machine Corporation
N. Y. Stock Exchange
Hemphill
Noyes
Mambare
City Savings Bank Bidg
Bridgeport
Rere
Saverics
Fidelity Loan Corp
Middil.m BT. Cor
Joba_bet
John and
Wall Ste
Comnectient
Noble
New England Equity
NOOM
Wall Street News
Wisconsin Central
Philadelphia Electric Company
Schuylkill Station
General Electric Company
Sts Fittafield, Mass
Life Insurance Sales Research Bureau of
Hartford
Middle Atlantic
Pennssylvania
New Jersey
Samuel Insull, Jr
Midland Securities Company
Samuel Insull
Walter Bauer
Pyrene Manufacturing Company
Paris
Mr. Bauer
Newark, N. J
General Motors Corporation
Alfred P Bloan
Peoples Gas Light and Coke Company
Wiwanker Ound
Vity Ds
U.S
Treasury
the ‘Associater Press
Publi Utilities
Immi
Camprons Associ Tes
Boston
Orp Warlor
Calles
Rockland Light
State Street
Investment Department
ePhone
Investment Service
American Bond & Morgage Company
Bnig American Bon & Morreacet Co
Charles I. Crosby
City Savings Bank
Telephone Barnum
Connecticut
Tax Commissioner's Office
Hincks Bros & CO
Main St
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